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. Last Updated: 07/27/2016

sar-Debt Schedule Set

PARIS () -- Russia will repay its debts to French holders of Tsarist-era bonds over four years, the French Foreign Ministry said Thursday, confirming details of a deal struck earlier in the week.

"The repayments will take place over four years," said ministry spokesman Jacques Rummelhardt, confirming the timetable, which had previously been officiallly put at "several years."

Russian Prime Minister Viktor Chernomyrdin struck a $400 million deal with the French government Tuesday on redeeming the bonds, laying to rest a dispute that marred relations between Paris and Moscow for years.